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Kaupthing Singer & Friedlander
Depositors who lost money with Isle of Man-based Kaupthing Singer & Friedlander finally have confirmation that the parental guarantee issued by the bank is valid and binding.
Kaupthing approved loans worth €2bn (£1.69bn) for Alisher Usmanov, the billionaire behind Arsenal FC, less than two weeks before the Icelandic bank went bust.
The FSA has been accused of refusing to release key documents relating to the collapse of Icelandic bank Kaupthing to the Serious Fraud Office (SFO) because of fears they will expose regulatory failings.
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Financial advisers may receive a reduced FSCS levy next year after the Court of Appeal ruled the compensation scheme is entitled to some of the £150m assets of failed Icelandic bank Kaupthing Singer & Friedlander (KSF).
Icelandic authorities have arrested the former chief executive of collapsed bank Kaupthing, in the first high profile arrest following the country's financial collapse.
The FSA plans to extend the scope of the Significant Influence Function (SIF) regime and introduce a more detailed framework on effective governance standards within firms.
Administrators Ernst & Young are attempting to drum up buyer interest for the remains of failed Icelandic bank Kaupthing Singer & Friendlander (KSF).
The Serious Fraud Office (SFO) has launched a criminal investigation into failed Icelandic bank Kaupthing.
Offshore centres must ensure their compensation schemes are understood by depositors and should also consider whether an Ombudsman scheme is justified.
The Financial Services Compensation Scheme (FSCS) says it expects an influx of claims against mortgage brokers in 2009/10 after banking failures saw it pay out more than £21bn in total in the last financial year.
A masked expat pensioner whose savings are trapped in collapsed bank Kaupthing Singer & Friedlander (KSFIOM) has launched a scathing musical attack on the Isle of Man Government via YouTube.
Over three quarters of depositors with savings trapped in Kaupthing Singer & Friedlander Isle Of Man are due to be repaid in full by early September this year.
Almost 5,000 payments to savers in Kaupthing Singer & Friedlander (KSF) are still outstanding despite a government swoop to reimburse savers five months ago.
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